(225 ILCS 458/Art. 30 heading)
ARTICLE 30.
TRANSITION PROVISIONS
(Scheduled to be repealed on January 1, 2022)
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(225 ILCS 458/30-5)
(Section scheduled to be repealed on January 1, 2022)
Sec. 30-5.
Savings provisions.
(a) This Act is intended to replace the Real Estate Appraiser Licensing Act
in all respects.
(b) Beginning July 1, 2002, the rights, powers, and duties exercised by
the
Office of Banks and Real
Estate under the Real Estate Appraiser Licensing Act shall continue to be
vested in, to be the obligation of,
and to be exercised by the Office of Banks and Real Estate under the provisions
of this Act.
(c) This Act does not affect any act done, ratified, or cancelled, any
right occurring or established,
or any action or proceeding commenced in an administrative, civil, or criminal
cause before July
1, 2002 by the Office of Banks and Real Estate under the Real Estate Appraiser
Licensing Act. Those
actions or proceedings may be prosecuted and continued by the Office of Banks
and Real Estate under
this Act.
(d) This Act does not affect any license, certificate, permit, or other form
of licensure
issued by the Office of Banks and Real Estate under the Real Estate Appraiser
Licensing Act, except as provided is subsection (c) of Section 5-25. All such
licenses, certificates, permits, or other form of licensure
shall continue to be valid under
the terms and conditions of this Act.
(e) The rules adopted by the Office of Banks and Real Estate relating to the
Real Estate Appraiser
Licensing Act, unless inconsistent with the provisions of this Act, are not
affected by this Act, and on
July 1, 2002, those rules become rules under this Act. The Office of Banks
and
Real Estate shall, as soon
as practicable, adopt new or amended rules consistent with the provisions of
this Act.
(f) This Act does not affect any discipline, suspension, or termination
that has occurred under the
Real Estate Appraiser Licensing Act or other predecessor Act. Any action for
discipline, suspension, or
termination instituted under the Real Estate Appraiser Licensing Act shall be
continued under this Act.
(Source: P.A. 92-180, eff. 7-1-02 .)
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(225 ILCS 458/30-10)
(Section scheduled to be repealed on January 1, 2022)
Sec. 30-10. Appraisal Administration Fund.
(a) The Appraisal Administration Fund, created under the Real Estate License
Act of 1983 and continued under Section 40 of the Real Estate Appraiser
Licensing Act, is continued under this Act. All fees collected under this Act
shall be deposited into the Appraisal Administration Fund, created in the State
Treasury under the Real Estate License Act of 1983.
(b) Appropriations
to the Department
from the Appraisal Administration Fund for the purpose of
administering the Real Estate Appraiser Licensing Act
may be used by the Department
for the purpose of administering and enforcing the
provisions of this Act.
(Source: P.A. 98-463, eff. 8-16-13.)
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